Dow futures up 348 points right now.
If I had any money, now would be the time I would buy, buy, buy and gamble it all.
According to several FReepers it was a just a normal day on the exchange, hardly any thing to it and certainly nothing worth worrying about.
Obamaconomy
Nope, it's not. China is losing another 8% in overnight trading right now. (Actually, that was earlier tonight, I haven't looked again in just over an hour now.) That doesn't set a good table for the European markets or our own come tomorrow.
Dow futures are up @ 350 right now, but that's a fairly typical bounce after such a big decline. There will be plenty of panic sellers and value buyers tomorrow when our markets open. I don't think anyone knows with any certainty how the market will fare tomorrow. It all depends on who's not panicking and buying instead of selling off and how much they're buying.
Me? I'm standing pat. I can only hope and pray that's the right decision.
Corruption for all of the world to see.
The media is trying to protect Obama
Trump was right again
Now everyrone will see the damage that the big eared donkey called Barak Obama has done to the USA
This is what happens when you tie yourself to other countries now as they fall you do too. Fact is the USA has every natural resource , (had the technology) to produce anything it needed . It didn't nee to get involved with China nor Mexico etc.
Barack Obama has destroyed the U.S. economy and all of the USA.
The mainstream news media will try to blame anybody except Obam (Bush, Palin, Republicans anybody). Their media’s main goal is to protect their Obama, marxism personified.
Barack Obama has destroyed the U.S. economy and all of the USA.
The mainstream news media will try to blame anybody except Obama (Bush, Palin, Republicans anybody). Their media’s main goal is to protect their Obama, marxism personified.
The federal fiscal year is coming to an end and it's time to spend another 4 or 5 trillion dollars.
4 or 4 and half trillion of which will go into the "stock market".
This is not a stock market at all. It's a bank vault for the criminal ruling elite.
Keynesian Economics is showing the failure it is. It is showing that it is impossible to spend oneself to prosperity.
"Something went awry with XL Group Plc’s stock just after 9:30 a.m. About 20 seconds after the market opened, the US$11 billion corporation’s shares changed hands for US$34.84. A second later, it plunged to US$3.66 in a single trade, according to data compiled by Bloomberg. A total of about 122 trades priced below US$6 executed in the next three minutes before the stock jumped back up to above US$35...."
Something real fishy going on there...I figured maybe the volume was anemic..but it's not.
Someone will be investigated on that deal....
Both the mini-crash and the naysayers were nearly forgotten when the market surged ahead during the summer of 1929. From June through August, stock market prices reached their highest levels to date. To many, the continual increase of stocks seemed inevitable. When economist Irving Fisher stated, "Stock prices have reached what looks like a permanently high plateau," he was stating what many speculators wanted to believe.
On September 3, 1929, the stock market reached its peak with the Dow Jones Industrial Average closing at 381.17. Two days later, the market started dropping. At first, there was no massive drop. Stock prices fluctuated throughout September and into October until the massive drop on Black Thursday.
Futures are busy tonight, too, although not as busy as last night. Looks like a minor bounce so far.
http://www.bloomberg.com/markets/stocks/futures
Watch for about the middle of the week (margin calls).
Remember: someone sold those stocks, and someone bought them. A single $35 stock share selling under $4 seems more a deliberate test or trigger by both.
A lot of positions changed hands.
Some will be sad.
Some will be glad.
Time will tell who is who.
big corporations are forecasting a 1-2 year downturn in business.. so if they say a 20% pullback in their business, the wall street wizards calculate a new “value” for the stocks.. So if a stock sells at 17 times earnings and we are told to expect a 20% downturn in business, why wouldn’t the stock drop in value...
far as the big moves down... people dont see much upside and so want out...
KEEP IN MIND WALL STREET IS A HERD LIKE ENTITY...
WHY, BECAUSE THEY ALL EAT LUNCH IN THE SAME PLACES AND STRATEGIZE AND .... when someone yells fire you dont want to be the last one out...